Barclays Reiterates “$32.00” Price Target for Cheniere Energy Partners (CQH)

Barclays set a $32.00 price target on Cheniere Energy Partners (NYSEAMERICAN:CQH) in a report issued on Monday morning. The brokerage currently has a hold rating on the energy company’s stock.

Several other analysts also recently issued reports on CQH. Morgan Stanley upped their price target on shares of Cheniere Energy Partners from $23.00 to $26.00 and gave the company an equal weight rating in a report on Monday. BidaskClub raised shares of Cheniere Energy Partners from a sell rating to a hold rating in a research note on Tuesday, November 7th. US Capital Advisors downgraded shares of Cheniere Energy Partners from an overweight rating to a hold rating in a research note on Thursday, January 4th. Finally, Zacks Investment Research downgraded shares of Cheniere Energy Partners from a hold rating to a sell rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Cheniere Energy Partners presently has an average rating of Hold and a consensus price target of $29.00.

Shares of Cheniere Energy Partners (NYSEAMERICAN:CQH) opened at $28.49 on Monday. Cheniere Energy Partners has a fifty-two week low of $22.31 and a fifty-two week high of $29.73. The stock has a market cap of $6,600.00, a PE ratio of 356.13 and a beta of 0.99.

Cheniere Energy Partners (NYSEAMERICAN:CQH) last announced its quarterly earnings results on Tuesday, November 14th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.31). The business had revenue of $5.08 million for the quarter, compared to the consensus estimate of $104.60 million.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 16th will be paid a dividend of $0.51 per share. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, February 15th. This represents a $2.04 annualized dividend and a dividend yield of 7.16%. Cheniere Energy Partners’s dividend payout ratio is presently 2,250.00%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zimmer Partners LP increased its position in Cheniere Energy Partners by 4.5% during the fourth quarter. Zimmer Partners LP now owns 14,298,227 shares of the energy company’s stock worth $395,918,000 after purchasing an additional 621,253 shares during the last quarter. Atlantic Trust Group LLC increased its position in Cheniere Energy Partners by 9.1% during the third quarter. Atlantic Trust Group LLC now owns 2,110,957 shares of the energy company’s stock worth $52,943,000 after purchasing an additional 175,993 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its position in Cheniere Energy Partners by 7.3% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 739,154 shares of the energy company’s stock worth $20,462,000 after purchasing an additional 50,134 shares during the last quarter. Global X Management Co. LLC increased its position in Cheniere Energy Partners by 15.9% during the fourth quarter. Global X Management Co. LLC now owns 430,679 shares of the energy company’s stock worth $11,926,000 after purchasing an additional 58,977 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Cheniere Energy Partners by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 159,450 shares of the energy company’s stock worth $4,415,000 after purchasing an additional 18,500 shares during the last quarter.

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About Cheniere Energy Partners

Cheniere Energy Partners LP Holdings, LLC (Cheniere Holdings) is a limited liability company. The Company’s business consists of owning and holding Cheniere Energy Patners, L.P. (Cheniere Partners) limited partner common units, Class B units and subordinated units (collectively, the Cheniere Partners units), along with cash or other property that it receives as distributions in respect of such units.

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